LiveWire Group (LVWR) Stock Surges After Hours on Q2 Revenue Beat and Dust Acquisition
TLDR
- LVWR jumped 58.44% in after-hours trading to $1.22 after Q2 results
- Consolidated revenue rose 55% year-over-year to $9.1 million
- Net loss narrowed slightly to $18.2 million from $18.8 million
- LiveWire completed the acquisition of Dust Motorcycles in May
- The stock closed the regular session at $0.77, down 15.29% before the after-hours surge
LiveWire Group’s stock came roaring back after hours on Thursday, jumping 58.44% to $1.22 after the electric motorcycle maker posted second-quarter results showing a 55% jump in consolidated revenue.
The stock had actually closed the regular session down 15.29% at $0.77, making the after-hours move all the more dramatic.
Revenue came in at $9.1 million for the quarter ended June 30, up from $5.9 million in the same period last year. The gain was driven by higher unit sales across both of LiveWire’s business segments.
LiveWire operates two segments: Electric Motorcycles and STACYC, which sells electric balance bikes for children.
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